Sethi further noted that "this trend is fuelled by economic recovery and the need for organizations to invest in new age capabilities to build a resilient workforce." As per the survey, a positive business outlook is resulting in a higher number of double-digit increments. Around 88 per cent organizations foresee an improvement in business outlook in 2022, 11 per cent higher from 2021, the survey said, adding that 33 per cent organizations are expected to give double-digit salary increases in 2022 -- an increase of 5 percentage points from 2021. "We believe that the fundamentals of the Indian economy remain strong and that there is a positive business sentiment. "Even sectors that struggled during the first wave of the pandemic, such as retail, logistics and quick-service restaurants, have bounced back by focusing on modern trade/digital channels, which is reflected in salary increases of 8 per cent and above," said Roopank Chaudhary, partner in Aon’s Human Capital Solutions in India.